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Property profile & analytics
OFF-MARKET
Commercial land
Carolina Ave Suffolk, VA 23434
Entity Owned
Absentee Owner
Free & Clear
Property ID
US87-2278930
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.27 ac (11,761 SF)
Zoning code
GENERAL COMMERCIAL
APN
34G23(3)E*11*12*12A
UPID
US87-2278930
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
3l1b LLC
3l1b LLC
since 2025
7 recorded transactions
Zoning & alternative use
GENERAL COMMERCIAL · Suffolk, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Suffolk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Suffolk submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$194
Tax year 2023
Assessed value
$16,200
Assessed 2023
Previous assessed
$16,200
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$16,200
Land market value
$16,200
Total market value
$16,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.27 ac (11,761 SF)
Zoning code
GENERAL COMMERCIAL
APN
34G23(3)E*11*12*12A
UPID
US87-2278930
Jurisdiction
SUFFOLK CITY
Zoning & alternative use
GENERAL COMMERCIAL · Suffolk, VA
Zoning GENERAL COMMERCIAL · permitted uses
GENERAL COMMERCIAL · Suffolk, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Suffolk. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.27 ac
Current owner
From public records · entity-resolved
3l1b LLC
Entity
Free & Clear · 0 yrs held
Mailing address
424 MARKET ST STE #200, SUFFOLK, VA 23434-5200
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2026
—
3l1b LLC
—
Deed
related
$310,000 · Southern Bank & Trust Co
Dec 4, 2025
$1,400,000
3l1b LLC
Moonlight Welding LLC
Bargain & Sale Deed
—
Dec 2, 2025
—
Moonlight Welding LLC
Floyd M Jones
Deed
related
—
Mar 3, 2025
$320,000
Reefer Rescue LLC
Bill Farley Eason
Warranty Deed
$256,000 · Southern Bank And Trust Company
Jun 7, 2022
—
Paula G Darden
Amanda P Ray
Special Warranty Deed
—
Apr 4, 2022
$867,100
Suffolk Benton LLC
William Clyde Griffin
Special Warranty Deed
—
May 25, 2021
$60,000
William Mack Lester
Suffolk Materials INC
Warranty Deed
$60,000 · Party III
Jul 24, 2017
—
Navalmar Uk Ltd A Company Organized
Navalmar Transportes Maritimos Lda
Deed
related
—
Dec 29, 2016
$105,500
Roger C Williams
Adam H Rountree
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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